Rulings ( 11951 results )

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High Court

HC: Transaction non-reference while seeking TPO-reference approval not fatal when CASS-selection reason specified

  • In Favour of Revenue
  • Citation Number : TS-584-HC-2020(MAD)-TP
  • Tax Payer : Transsys Solutions Private Limited
Income tax Appellate Tribunal

ITAT: Rejects TPO’s characterisation of Medical BPO service provider as KPO; Rejects 5 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-583-ITAT-2020(Kol)-TP
  • Tax Payer : Acclaris Business Solutions (P) Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s CUP application by adopting local non-AE sales to benchmark exports to AE

  • In Favour of Assessee
  • Citation Number : TS-582-ITAT-2020(Mum)-TP
  • Tax Payer : Dow Chemical International Pvt Ltd (Prior to amalgamation known as Dow Coming India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Allows assesse’s MP; Remands for verification of FAR during APA years and subject years

  • In Favour of Assessee
  • Citation Number : TS-581-ITAT-2020(Bang)-TP
  • Tax Payer : Festo India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s arbitrary selection of comparable without search process amounting to “cherry picking”

  • In Favour of Assessee
  • Citation Number : TS-580-ITAT-2020(Mum)-TP
  • Tax Payer : Federal Mogul Anand Bearing India Ltd (Formerly Known as Federal Mogul Bearings India Ltd)
Income tax Appellate Tribunal

ITAT: Sets aside CIT(A)-order; Directs AO/TPO to pass speaking-order on comparables, risk-adjustment issues

  • In Favour of Assessee
  • Citation Number : TS-579-ITAT-2020(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd (for the merged entity Force10 Networks India Pvt Ltd)
Income tax Appellate Tribunal

ITAT:Bacardi, a manufacturer not distributor, deletes AMP-adjustment citing no benefit to AE

  • In Favour of Assessee
  • Citation Number : TS-578-ITAT-2020(DEL)-TP
  • Tax Payer : Bacardi India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for manufacturer of hydraulic drive pumps; Treats forex gain/loss as non-operating

  • In Favour of Assessee
  • Citation Number : TS-577-ITAT-2020(DEL)-TP
  • Tax Payer : Bucher Hydraulics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Goodyear’s 'Regional Service Charges' TP-adjustment; Applies CPM & holds mark-up within tolerance-range

  • In Favour of Both, Partially
  • Citation Number : TS-576-ITAT-2020(PUN)-TP
  • Tax Payer : Goodyear South Asia Tyres Private Limited
Income tax Appellate Tribunal

ITAT: Allows capactity utilisation adjustment during first year of operation to call-centre services provider

  • In Favour of Assessee
  • Citation Number : TS-575-ITAT-2020(DEL)-TP
  • Tax Payer : Colwell & Salmon Communications [I] Ltd
Income tax Appellate Tribunal

ITAT:Remits for fresh assessment of international transaction under licensed manufacturing segment

  • In Favour of Both, Partially
  • Citation Number : TS-574-ITAT-2020(Bang)-TP
  • Tax Payer : Ansaldo STS Transportation Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: PE determination irrelevant for transactions at ALP between ESPN Group Cos

  • In Favour of Assessee
  • Citation Number : TS-573-ITAT-2020(DEL)-TP
  • Tax Payer : ESPN Star Sports Mauritius S.N.C et Compagnie (now known as ESS Advertising (Mauritius) S.N.C. et Compagnie)
Foreign Court

FC: Polish Court : TP-provisions apply only to proven 'tax-evasion' which is distinguishable from 'economic optimization' (114)

  • In Favour of Assessee
  • Citation Number : TS-751-FC-2020(POL)-TP
  • Tax Payer : [X]
Income tax Appellate Tribunal

ITAT: Excludes 10 comparables for software-development service provider; Treats FOREX gain/loss as operating

  • In Favour of Both, Partially
  • Citation Number : TS-572-ITAT-2020(Bang)-TP
  • Tax Payer : Galax E Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects channel-distribution fees recharacterization as Royalty; Includes 4 software distributors as comparables

  • In Favour of Assessee
  • Citation Number : TS-571-ITAT-2020(Mum)-TP
  • Tax Payer : MSM Discovery Private Ltd
Income tax Appellate Tribunal

ITAT:Quashes re-assessment initiated on PE-existence premise considering arm’s length principles satisfied

  • In Favour of Assessee
  • Citation Number : TS-570-ITAT-2020(DEL)-TP
  • Tax Payer : PT.LP Display Indonesia
Income tax Appellate Tribunal

ITAT: Companies cannot be excluded citing different-FY endings, remits comparables; Deletes TP adjustment on outstanding-receivables

  • In Favour of Assessee
  • Citation Number : TS-569-ITAT-2020(DEL)-TP
  • Tax Payer : American Express Services India Private Limited (Earlier known as American Express Services India Limited
Income tax Appellate Tribunal

ITAT: Allows TP-adjustment on account of high import-cost; Remits 19 comparables for trading-segment

  • In Favour of Both, Partially
  • Citation Number : TS-568-ITAT-2020(DEL)-TP
  • Tax Payer : GE India Industrial Pvt Ltd
High Court

HC:Quashes revisionary order absent finding on assessment-order sans draft-order as ‘prejudicial to Revenue'

  • In Favour of Assessee
  • Citation Number : TS-567-HC-2020(BOM)-TP
  • Tax Payer : Gigabyte Technology (India) Private Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on AE-receivables issue to DRP absent enhancement notice to assessee

  • In Favour of Assessee
  • Citation Number : TS-565-ITAT-2020(DEL)-TP
  • Tax Payer : Consulting Engineering Services (India) Pvt Ltd